Rice Hall James & Associates LLC Purchases Shares of 224,878 XPO, Inc. $XPO

Rice Hall James & Associates LLC acquired a new stake in XPO, Inc. (NYSE:XPO) during the second quarter, Holdings Channel reports. The institutional investor acquired 224,878 shares of the transportation company’s stock, valued at approximately $46,165,000. XPO accounts for 2.2% of Rice Hall James & Associates LLC’s portfolio, making the stock its 6th largest position.

A number of other hedge funds have also modified their holdings of the company. Invesco Ltd. increased its holdings in XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after buying an additional 1,036,434 shares during the period. Durable Capital Partners LP raised its position in XPO by 20.5% during the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after buying an additional 736,224 shares during the last quarter. Orbis Allan Gray Ltd lifted its stake in XPO by 15.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock valued at $496,423,000 after acquiring an additional 499,220 shares during the period. Clearbridge Investments LLC lifted its stake in XPO by 9.7% during the 4th quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock valued at $403,684,000 after acquiring an additional 261,935 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of XPO by 115.9% in the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock valued at $470,986,000 after acquiring an additional 1,299,480 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on XPO. Evercore upgraded shares of XPO from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. BMO Capital Markets boosted their target price on shares of XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Barclays upped their price target on shares of XPO from $195.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Zacks Research raised XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Finally, Oppenheimer lifted their price objective on XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $225.86.

Insiders Place Their Bets

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of XPO stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the transaction, the chief accounting officer owned 31,005 shares of the company’s stock, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 7,400 shares of company stock valued at $1,526,502 in the last ninety days. 0.87% of the stock is owned by corporate insiders.

XPO Price Performance

Shares of NYSE XPO opened at $211.20 on Tuesday. The stock has a market capitalization of $24.73 billion, a price-to-earnings ratio of 62.30, a PEG ratio of 2.14 and a beta of 1.85. XPO, Inc. has a 12 month low of $121.48 and a 12 month high of $232.05. The firm’s 50 day simple moving average is $207.62 and its 200-day simple moving average is $203.94. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01.

XPO (NYSE:XPO) last posted its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the firm earned $1.05 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. Analysts expect that XPO, Inc. will post 5.44 EPS for the current year.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.